The Sun Life Financial building in Toronto.(Michelle Siu For The Globe and Mail)

Sun Life mirrors own portfolio in new asset management arm

JACQUELINE NELSON

— The Globe and Mail

Published Wednesday, Mar. 26, 2014 11:25AM EDT

Last updated Wednesday, Mar. 26, 2014 11:25AM EDT

The new asset management business of Sun Life Financial Inc. will open three pooled funds targeting institutional investors next week, and investors should expect a smaller version of the Canadian insurer’s own portfolio.

Sun Life Investment Management Inc. has seeded the private debt, real estate and commercial mortgage funds with about $650-million. But that investment isn’t cash – Sun Life has moved assets from its parent company into the funds to recreate its investment strategy.